Is the 2 pound coin still legal tender?

Is the 2 pound coin still legal tender?

Are They Legal Tender? Old £2 coins, specifically the single-colour commemorative versions, are legal tender. The term ‘legal tender’ is quite a specific term that means coins or banknotes that must be accepted if offered in payment of a debt.

Do shops accept 2 pound coins?

These coins are just part of a long tradition of the Bank of England issuing commemorative coins, but as the question asks: can you spend them? The answer is a somewhat confusing one: they have a face value of £2, and they are legal tender but that does not mean a retailer – or even a bank – will take them as payment.

Is the 1995 2 pound coin legal tender?

The Two Pound Gold Coin – sometimes referred to as the Double Sovereign – contains 14.63 grams of gold (twice the weight of a Sovereign). Due to their status as British Legal tender they are Capital Gains Tax Free (CGT Exempt), so they are a good choice for British investors.

Are 2 pound coins rare?

There are an estimated 417 million 2-pound coins presently in circulation, representing 37 different designs. The rarest of these are the 2-pound coins minted in 2002 that celebrate the 2002 Commonwealth Games and bear the flag of Northern Island. Only 485,500 of these coins were ever minted.

How much is the William Shakespeare 2 pound coin worth?

Shakespeare Tragedies £2 This coin has a mintage of 4,615,000 and hence sits in the middle in terms of mintage amount of the three coins. According to eBay the it can sell for an average value of £2.50, slightly above face value.

How much is the dove 2 coin worth?

How Much is the Dove of Peace 2 Pound Coin Worth? The mintage figure is inconclusive for the Dove of Peace 2 pound coin. Some sources say about 4.4 million while others list it about 6.1 million. On eBay, as of May 2019, the highest price for a Brilliant Uncirculated version was £19.95.

Are there any valuable 2-pound coins?

The rarest of these are the 2-pound coins minted in 2002 that celebrate the 2002 Commonwealth Games and bear the flag of Northern Island. Only 485,500 of these coins were ever minted. Those coins are also relatively rare since each had a mintage of less than one million.

Can you spend 2 coins?

The commemorative £2 coins were issued to mark special occasions rather than for use in general circulation. They are legal tender but contrary to popular belief this does not mean that banks and retailers automatically have to accept them. Indeed you will probably find that most banks and retailers refuse.